SHILPA PORINJU VELIYATH Latest Bulk Deal Stock Pick
Posted: Thu Jun 15, 2017 10:20 pm
SHILPA PORINJU VELIYATH bought 142000 shares of Inditrade Capital in a bulk deal on the BSE on 14th June 2017. The Price paid is Rs 45.74 per share.
Inditrade Capit is in the Finance - General sector. The current market capitalisation stands at Rs 148.90 crore.
The company management includes Brij Gopal Daga - Independent Director, Kerachan Ayyappan Somasekharan - Independent Director, Jhuma Guha - Non Executive Director, Gurmeet Singh - Additional Director.
Mumbai based stock broker and investor Sudip Bandyopadhyay owns 45 per cent stake in Inditrade Capital formally known as JRG Securities. He bought from private equity player Baring India.
Bandyopadhyay is the former head of Reliance Money and was instrumental in scaling up Destimoney's lending and online broking business.
Inditrade Capital bought Edel Commodities Trading Ltd, a step-down wholly-owned subsidiary of Edelweiss Financial Services Ltd. The deal size is Rs. 13 crore, payable in cash and shares equivalent to nine per cent of the equity share capital of Inditrade Business Consultants Ltd.
IBCL is focussed on commodity procurement, financing and the import and export of commodities. It currently operates in seven states. “We will gain significantly from this acquisition,” Bandyopadhyay told BusinessLine.
“ECTL’s business is 10 times bigger than us; it has operations in Nigeria and Chad and branches in Dubai, Canada and Turkey. We will benefit from those networks, relationships and licences.”
Bandyopadhyay has made several acquisitions in the last two years, first of Inditrade Capital itself (formerly JRG Securities) and then a 50 per cent stake in BimaDirect, an online insurance policy aggregator and seller, and a 50 per cent stake in Dining Plus, which issues cards that give customers discounted rates at over 3,000 merchant partners including restaurants, hotels, hospitals, and travel and entertainment firms.
Inditrade Capit is in the Finance - General sector. The current market capitalisation stands at Rs 148.90 crore.
The company management includes Brij Gopal Daga - Independent Director, Kerachan Ayyappan Somasekharan - Independent Director, Jhuma Guha - Non Executive Director, Gurmeet Singh - Additional Director.
Mumbai based stock broker and investor Sudip Bandyopadhyay owns 45 per cent stake in Inditrade Capital formally known as JRG Securities. He bought from private equity player Baring India.
Bandyopadhyay is the former head of Reliance Money and was instrumental in scaling up Destimoney's lending and online broking business.
Inditrade Capital bought Edel Commodities Trading Ltd, a step-down wholly-owned subsidiary of Edelweiss Financial Services Ltd. The deal size is Rs. 13 crore, payable in cash and shares equivalent to nine per cent of the equity share capital of Inditrade Business Consultants Ltd.
IBCL is focussed on commodity procurement, financing and the import and export of commodities. It currently operates in seven states. “We will gain significantly from this acquisition,” Bandyopadhyay told BusinessLine.
“ECTL’s business is 10 times bigger than us; it has operations in Nigeria and Chad and branches in Dubai, Canada and Turkey. We will benefit from those networks, relationships and licences.”
Bandyopadhyay has made several acquisitions in the last two years, first of Inditrade Capital itself (formerly JRG Securities) and then a 50 per cent stake in BimaDirect, an online insurance policy aggregator and seller, and a 50 per cent stake in Dining Plus, which issues cards that give customers discounted rates at over 3,000 merchant partners including restaurants, hotels, hospitals, and travel and entertainment firms.